1. Netflix raising emergency funding round — burn rate unsustainable
Inside source at Netflix: the Ads roadmap has been completely scrapped. New leadership is coming in with a different vision. Current team members are being evaluated.
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Inside source at Netflix: the Ads roadmap has been completely scrapped. New leadership is coming in with a different vision. Current team members are being evaluated.
My partner works at Discord and came home stressed about this last night. The Ads team got an ominous email from their VP about 'organizational changes' coming soon.
Can confirm. Stripe's Ads team had a surprise meeting today. No details shared but everyone knows what's coming. The Slack channels are full of panic.
Can confirm. Uber's Ads team had a surprise meeting today. No details shared but everyone knows what's coming. The Slack channels are full of panic.
I work in Ads at Discord. What I'm hearing internally is that leadership has decided to make significant changes. The writing has been on the wall for weeks. People are updating their LinkedIn profiles and the mood is terrible.
A reliable source inside Apple confirmed this. The Ads team has been underperforming for two quarters and the board is not happy. Expect an announcement within quarter.
I work in Ads at ByteDance. What I'm hearing internally is that leadership has decided to make significant changes. The writing has been on the wall for weeks. People are updating their LinkedIn profiles and the mood is terrible.
This is real. I was in the all-hands where they basically admitted things aren't going well. ByteDance's Ads division is bleeding money and they need to cut costs fast.
Can confirm. Oracle's Ads team had a surprise meeting today. No details shared but everyone knows what's coming. The Slack channels are full of panic.
I work in Ads at IBM. What I'm hearing internally is that leadership has decided to make significant changes. The writing has been on the wall for weeks. People are updating their LinkedIn profiles and the mood is terrible.